Gold mining is a business, and like any business, hard costs are associated with extracting gold from the earth. In 2008, mining gold costs around $238 per ounce. Because the cost is so high per ounce, the belief is that all of the gold ever mined barely totals 145,000 tons, an amount that could form a single cube measuring 66 feet per side.

Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.


Types of Gold

1) Yellow gold
2) White gold
3) Rose gold (or pink gold)
4) Green gold (or Electrum)

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